Exxon Mobil reports record quarterly earnings.

Publication: The Dallas Morning News (Dallas, Texas) (via Knight-Ridder/Tribune Business News)

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COPYRIGHT 2005 The Dallas Morning News

Byline: Elizabeth Souder

Oct. 28--Exxon Mobil on Thursday reported the highest quarterly revenue of any U.S. company ever, thanks to record-high oil and natural gas prices in the wake of Hurricanes Katrina and Rita.

The big jump in earnings for Exxon Mobil, as well as other major oil companies, prompted a backlash from some politicians, concerned that high energy costs are hurting voters.

"At the same time that oil companies are posting record profits, Americans are paying more than ever to fill up their cars and heat their homes," said Senate Majority Leader Bill Frist, R-Tenn.

Mr. Frist called for Senate committee hearings, where lawmakers can ask oil executives why oil and natural gas prices are so high.

The political concern seemed to set the tone for Exxon Mobil's presentations Thursday, as the company pointed out that, after the hurricanes, Exxon Mobil quickly...

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